Singapore-based Crypto Firm Penguin Securities Raises 2.8 Billion Yen, Plans to Establish Japanese Subsidiary

Penguin Securities Holdings Pte. Ltd., a cryptocurrency-related business based in Singapore, announced on the 4th that it has raised approximately 2.8 billion yen (about 18 million dollars) in a pre-Series A funding round. The funding round saw participation from Japanese investors including mint, Tokyo University of Science Investment Management, Third Wave Financial, Nakajima Trading, and United. The company was co-founded in February 2023 by Yuuya Kuratomi, Kentaro Kawabe, and Sho Setoguchi of GMO Cybersecurity by YELAE. Mr. Kawabe is a co-founder...